Valuation

Did you know there are 6 different approved methods to determine Customs Value? Is your company using the recommended appraisement method to determine the value of your goods?

Customs valuation is the procedure used for determining the value of imported goods into the United States. Incorrect declaration of value can lead to fines and penalties as well as increased duty. It is the responsibility of the importer of record to use reasonable care to value the goods and provide any other information necessary to enable Customs and Border Protection to properly assess duties, collect accurate statistics, and determine whether all other applicable legal requirements are met.

Copper Hill will review your current valuation methodology and determine if the correct method is being used for your company or if it would be beneficial to utilize another approved method. Our team will work with your existing valuation data and compare it to your entry data to ensure correct values were reported to CBP. If incorrect values are found, we will file value reconciliation on your behalf.